The Average Annual Expenses Related To Getting a 4-yr College Degree Since 1971

…For many Americans, a college degree is often regarded as a measure of success, yet a postsecondary education has become cost-prohibitive…[and] those who do pursue a degree rack up tens of thousands of dollars in debt that, in many cases, will take decades to fully pay off. [This article] reviews the average costs of attending four-year public and private colleges nationwide…since 1971. Both figures include tuition, fees, and room and board.

To determine the cost of college [for each] year, 24/7 Wall St. reviewed enrollment-weighted historical figures for average tuition and fees, including room and board from the College Board, a nonprofit organization working on behalf of colleges and universities

Years listed are for the beginning of the academic year.

…The inflation adjustment figures for college costs come directly from the College Board’s analysis, whereas 24/7 Wall St. made the inflation adjustment for personal income based on the personal consumption expenditure price index, which came from the U.S. Bureau of Economic Analysis, and is chained to 2018 dollars.

The share of adults with at least four years of college came from the U.S. Census Bureau’s Current Population Survey.

Editor’s Note: The above excerpts* from the original articlehave been edited ([ ]) and abridged (…) for the sake of clarity and brevity. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)

“Follow the munKNEE” via Twitter and/or Facebook and have your say. Shock us, surprise us, inform us, entertain us. Here’s your opportunity to start a dialogue. Our Twitter & Facebook feeds are also the most comprehensive resources of the very best-of-the-best financial, economic, investment and gold/silver articles out there. Mark them as your favorites and get access to every article as posted.

Americans take note! A first class college education in other English speaking countries can be had for half the average cost of one in the U.S.. This infographic tells you where and how much you would pay. Take a look.

The rising cost of college tuition translates into many students re-evaluating higher education, their future professional careers as well as other major life decisions. Find out more in our very enlightening infographic on The Surprising Side Effects of Rising College Costs.

Getting into a good university is not an easy feat and securing a job upon graduation in the current economic climate is not easy either…The biggest challenge for most university graduates, however, is paying off their education loan [which is] hardly surprising [given that] the sum of student debt is higher than credit card debt across the United States. It may sound preposterous that some have called higher education the next big bubble so read the following infographic, which compares the higher education bubble to the housing bubble, and decide for yourself.

DISCLOSURE: It is our intent that all posts on this site be in accordance with the requirements, restrictions and terms of the Copyright Law of the United States and all other copyright treaties to which the United States is party and more specifically of the Digital Millennium Copyright Act - Blogger . As such, all posts on this website have been screened at Library of Congress Catalog as to their eligibility for posting. Should any post be deemed to be inadvertently in contravention of these Acts' terms please advise with substantiation of such apparent contravention (i.e. registration number) and the article in question will be immediately deleted from the site. Also, visit U.S. Code 17-107 Limitations on Exclusive Rights - Fair Use

FAIR USE NOTICE: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of financial, economic and investment issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

COPYRIGHT & DISCLAIMER: Lorimer Wilson is not a registered advisor and does not give investment advice per se. The articles to be found on the site are expressions of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. Please consult with a qualified investment advisor who is licensed by appropriate regulatory agencies in your legal jurisdiction before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments. The information on this site was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that while Wilson may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website they do not intend to disclose the extent of any current holdings or future transactions with respect to any particular security and, as such, you should consider this before investing in any security based upon statements and information contained in any report, post, comment or recommendation you read on the site.